Sobha Developers launches their largest project
Editorial Bangalore, Saturday, 8 March, 2008: Sobha Developers Limited (SDL), today, announced the launch of its first presidential villas project “Sobha Lifestyle” in Devanhalli in Bangalore. Apart from being the first presidential villas by SDL, Sobha Lifestyle is also the largest villa project by the company in Bangalore. The announcement was made by Mr. J C Sharma, Managing Director, Sobha Developers Ltd. at a press conference in Bangalore. Gen Mathew Mammen, Executive Director, Mr. Raghav Menon, Director, Mr Sandeep Guhathakurtha, Senior Vice President, corporate, Marketing & Communication and Ms Geetha Nair, Senior Vice President were also present during the press briefing.
Sobha lifestyle is spread across 55-acre, with 165 villas on sites measuring from 5,000 to 10,000 sq ft. Each villa would have an open space ranging from 50% to 52% of the total plot area. The project has 20% of the total land dedicated to open space resulting in a total of 10 acres of green spaces and 17 acres of paved open spaces. Located just 8 KM from the New Bangalore International Airport, Sobha lifestyle has panoramic view of Nandi Hills. The project cost is estimated to be approximately Rs. 250- 260crore. SDL aims to complete the project by the end of 2010.
Speaking at the press conference, Mr J C Sharma, Managing Director, Sobha Group said, “Sobha Developers has been delivering quality projects in Bangalore. Sobha Lifestyle is the first venture of its kind in India with complete world-class infrastructure. At Sobha Lifestyle Luxury would be the Norm and Quality the Rule. A prestigious project for SDL, it will provide exclusive spaces for the elite.”
He further added “With Sobha Lifestyle, the company would be setting standards for construction excellence in the Industry. Sobha Lifestyle has been conceived as an urban development project with prominence on environmental policies. The project complies with environmental norms of conserving natural resources. Each villa has been designed in harmony with natural features and resources surrounding the site. “
During the construction Sobha would be adopting environmental friendly measures like usage of local sources for building materials, onsite renewal energy mechanism and optimised technical systems.
Category: New Developments
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